2. Equity Bank
Please note that the information you are viewing is 141 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. VF^Tanzania
Please note that the information you are viewing is 129 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Equity Bank P.O. Box 75104-00200Hospital Road, Equity Centre, 9th FloorNairobi
Data approved: 2013-09-23
Data version: 2
Age of data: 141 months
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Institution

Vision Fund - Tanzania P.o.box 1546,Arusha TanzaniaArusha255
Data approved: 2014-04-01
Data version: 1
Age of data: 129 months

Product

Biashara Imara Loan Product 3 of 10 « Prev | Next »

Product

Mkombozi Product 4 of 5 « Prev | Next »

Product Summary

Number borrowers33,227
Loan Amount (range)KES 5,000 - 500,000
Loan Term (range)1 - 18
Other Services (text summary)Credit Ins, Tech Asst Visits, Business Training
Annual Interest & Method20.0% annual, Flat
Fees2.00%-3.00% upfront
Insurance0.63% upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component13.4% - 37.3%
Fee Component0 - 11.0%
Insurance Component0 - 2.3%
Tax Component Range0
Full APR (int fee ins tax dep)38.5% - 46.3%
Transparency Index (min/max)37 - 83
Transparency Index (average)49

Product Summary

2,393
TZS 50,000 - 1,000,000
6 - 8
Credit Ins
60.0% annual, Flat
8.00% upfront
2.00% upfront
None
10.0% upfront
 
45.2% - 59.1%
2.0% - 16.9%
1.8% - 7.5%
0
69.9% - 81.9%
32 - 86
80

Product Details

Key Statistics
Outstanding portfolio (KES)KES 2,752,990,159
Portfolio (USD)USD 33,248,673.42
Active Clients with Loans33,227
Approximate % Female Clients20% - 40%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Growing together in trust. This is a loan facility designed for microenterprises/small-scale business clients who lack conventional collateral to secure loans.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherOperated the business for over a year
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution8
# Regions for this product8
Regions ActiveCentral, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 586,342,567
Portfolio (USD)USD 368,768.91
Active Clients with Loans2,393
Approximate % Female Clients40% - 60%
Approximate % Urban Clients0
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
Mkombozi loan is an agricultural loan provided to a group of 10 to 15 members based in rural areas. The loan size could range from TZS 50,000 to 200, 000.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or landx
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution4
# Regions for this product7
Regions ActiveDodoma, Kagera, Kilimanjaro, Morogoro, ShinyangaSingida, Tanga

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 5,000
Maximum loan size500,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00015%
KES 50,000-150,00030%
KES 150,000-250,00020%
KES 250,000-350,00020%
KES 350,000-450,00010%
Greater than KES 450,00010%
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term18.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months20%
Between 10 and 12 months50%
Between 13 and 18 months30%
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 50,000
Maximum loan size1,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,00090%
TZS 350,000-1,250,00010%
TZS 1,250,000-2,000,0000
TZS 2,000,000-3,000,0000
TZS 3,000,000-4,000,0000
Greater than TZS 4,000,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term8.0 months
Approx average7.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months70%
Between 7 and 9 months30%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest1.67%
Highest quoted nominal interest1.67%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLACE (Loan Application & Credit Evaluation) Fee
% of loan amount - min2.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation3% for 1st cycle, 2% for multiple cycle loans
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionAnnual Insurance Fee
% of loan amount - min0.63%
% of loan amount - max0.63%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation0.625% per annum.
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest5.00%
Highest quoted nominal interest5.00%
Reason(s) why interest rate variesNo Variation
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min8.00%
% of loan amount - max8.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsuarance
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositFinal Pmt
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
62% of Vision Fund Tanzania clients are female and 52% lives in urban areas.

Full Pricing Data

Biashara Imara Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountKES 9,999.95KES 24,999.98KES 49,999.93KES 99,999.98KES 299,999.99KES 499,999.90
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-05-092013-05-272013-05-172013-05-102013-05-242013-05-03
Loan Term (Months)12.0 months6.0 months12.0 months6.0 months15.0 months15.0 months
Grace Period (Months)-0.1 months0.0 months0.0 months0.0 months-0.1 months0.1 months
Total Cost of CreditKES 2,240.92KES 3,379.33KES 11,258.69KES 12,624.96KES 82,229.83KES 138,124.95
True Price by Comp           
Interest price component34.9%33.1%34.6%32.8%34.9%34.2%
Fee Component4.0%10.9%4.0%7.1%3.3%3.2%
Insurance Component1.3%2.3%1.3%2.2%1.1%1.1%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)40.2%46.3%39.9%42.1%39.3%38.5%
Transparency Index504350485152
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Mkombozi samples
Sample 1Sample 2Sample 3
Loan AmountTZS 250,000TZS 300,000TZS 350,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2014-02-122014-01-092014-04-01
Loan Term (Months)6.0 months7.0 months8.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditTZS 100,000TZS 120,000TZS 175,000
True Price by Comp     
Interest price component52.9%45.2%51.2%
Fee Component16.9%14.4%12.7%
Insurance Component4.4%3.8%3.4%
Tax Component0.0%0.0%0.0%
Deposit Component7.7%6.5%6.6%
Full APR (int fee ins tax dep)81.9%69.9%73.9%
Transparency Index738681
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
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Key Statistics
# Samples:
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# Countries
# Borrowers
Loan Portfolio (USD)
% Products using declining balance
% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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